The central bank of South Korea met today to urgently examine the impact of the earthquake and tsunami, which devastated Japan yesterday on the financial markets and the foreign exchange market according to local agency South Korean Yonhap.
The central bank apparently scrutinized the state of South Korean stock exchange market in order to understand the impact of this particular tragic event.
Intervention measures to calm the market and are not excluded by Monday according to financial analysts.
On the nations surrounding Japan have also scheduled meetings of urgency as the situation deteriorates with the archipelago, now, a nuclear leak that forced the evacuation of several towns.
At the opening of markets on Monday, a strong aversion to risk should be felt, prompting investors to the dollar. The yen is expected to experience significant volatility unless the BOJ intervenes, which seems inevitable.
The central bank apparently scrutinized the state of South Korean stock exchange market in order to understand the impact of this particular tragic event.
Intervention measures to calm the market and are not excluded by Monday according to financial analysts.
On the nations surrounding Japan have also scheduled meetings of urgency as the situation deteriorates with the archipelago, now, a nuclear leak that forced the evacuation of several towns.
At the opening of markets on Monday, a strong aversion to risk should be felt, prompting investors to the dollar. The yen is expected to experience significant volatility unless the BOJ intervenes, which seems inevitable.
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